When is a budget considered to be balanced?

Amount spent is equal/less than the amount you earn?

What is a value proposition?

The features & benefits that make the product unique

Mandatory payments to state & local governments

What is the definition of an entrepreneur?

Someone who creates, owns, and runs a business

Federal health insurance for people over 65

What is take home pay?

Amount left over from monthly paychecks after deductions

What are the four parts of a SWOT Analysis?

Strengths, Weaknesses, Opportunities, Threats

Money earned from working a job

What happens if you spend money on things you want before things you need?

You limit your ability to save for high priced items

Which of the following is not 1 of the 4 steps to preparing a sales forecast?

Select an organization structure for your company

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EverFi Venture 1-4

17 termsStudBud Administration470 plays

An EverFi Venture Lessons 1-4 review for students in academic success in entrepreneurship

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Questions 17

Answers

1
Which of the following would not be considered a want?
candy
A warm winter coat
netflix
designer shoes
2
When is a budget considered to be balanced?
Amount saved is equal/less than the amount spent
Amount spent is greater than the amount earned
Amount spent is equal/less than the amount you earn?
Amount earned is equal/less than the amount spent
3
Which of the following would be considered a want?
Designer shoes
Movie tickets
A place to live
Critical medicine
4
Which of the following is a need?
A band t-shirt
A warm winter coat
More candy. yes more more more CANDY !!!!!(ice cream) CANDY!
New headphones
5
What is a value proposition?
All of the above
The money given to the entrepreneur for their success rate
A tax for the business owner
The features & benefits that make the product unique
6
What are Taxes?
Sources of income
Mandatory payments to state & local governments
Optional payments to state & local governments
Refunds you receive for over payment
7
Which of these is NOT considered a skill?
Business skills
People skills
Communication skills
Determination Skills
8
What is the definition of an entrepreneur?
None of the above
Someone who manages a business
Someone who owns a business and makes a profit
Someone who creates, owns, and runs a business
9
What is medicare?
Federal health insurance for people over 65
Federal health insurance for people under 65
Federal life insurance for those under 65
Federal life insurance for people over 65
10
Which of the following is an example of a tax?
Rental Payment
Cash Payment
Medicare
Line of credit
11
Which of these is NOT part of a consumer profile?
Buying patterns
Poly graphics
Demographics
Psycho graphics
12
What is take home pay?
Amount left over from monthly paychecks before deductions
Amount left over from monthly paychecks after deductions
Amount earned in income minus what you spend
Amount earned in income minus what you save
13
What are the four parts of a SWOT Analysis?
Strengths, Weaknesses, Opportunities, Threats
Strengths, Weaknesses, Options, Threats
Strengths, Weaknesses, Obstacles, Threats
Sales, work ethics, organization, training
14
Which of the following is an example of a tax you must pay?
Bounced Check
Late Fee
Social Security
Rental Payment
15
What is income?
Payments made to the federal government
Payments to the government for roads and bridges
Money earned from working a job
Money received after paying taxes
16
What happens if you spend money on things you want before things you need?
Nothing happens, this is an appropriate practice
You limit your ability to save for high priced items
You are able to spend more on high priced items
You'll financially prepared for an unexpected emergency
17
Which of the following is not 1 of the 4 steps to preparing a sales forecast?
Review past sales or trends
Analyze current company and make marketing condition
Estimate your future sales for a specific time period
Select an organization structure for your company

EverFi Venture 1-4 Flashcards | StudBud